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Fixed Income Quantitative Analyst (Municipal Bonds)



Merrimack, NH, USA
Posted on Wednesday, January 24, 2024

Job Description:

The Group

Quantitative Research and Investing (QRI) is an investments and research division within Asset Management at Fidelity. We are responsible for the management and development of quantitative and hybrid quant/fundamental investment strategies and solutions while providing high quality quantitative, data-driven support to Fidelity’s fundamental investment professionals, ensuring they have access to the most relevant data and advanced quantitative analysis.

The Role

Fidelity is seeking to hire a Fixed Income Quantitative Analyst to join its Quantitative Research and Investments division. This position will be located in Fidelity’s office in Merrimack, New Hampshire. The analyst will develop quantitative techniques, models, and tools to support and strengthen the investment process used to manage Fidelity’s client accounts.

This is a rare opportunity to work with high caliber investment professionals in one of the premier fixed income investment management divisions in the world. As an ideal candidate, you will have demonstrated consistent success in your academic and work experience. You will have very strong analytical and communication skills and exhibit the highest level of personal and professional integrity. You’ll be able to think creatively, work independently, and make decisions quickly, often with limited information. Your ability to consistently develop, clearly articulate, and effectively communicate investment recommendations supported by a comprehensive and thoughtful research process is critical to success in investment management at Fidelity.

This specific quantitative analyst position is for a desk quant to support the Municipal Bond funds. We are looking for a quant with a deep understanding of the fixed income market, a strategic thinker about markets, and proven quantitative modeling skills, especially in the municipal bond market.

The Value You Deliver

  • Understand, maintain, and improve infrastructure related to the investment process.
  • Build robust quantitative tools to aid all aspects of portfolio analysis and construction.
  • Collaborate closely with other investment and technology professionals within the division.
  • Explain complex quantitative concepts to non-technical people.
  • Monitor, measure, and attribute portfolio risks and returns.
  • Take initiative and demonstrate leadership skills to advance the investment process.

The Expertise and Skills You Bring

These attributes are indispensable:

  • 5+ years of industry experience as a fixed income quantitative analyst, and preferably 3+ years as quant in the municipal bond market
  • Strong working knowledge of Python, SQL, R, Excel/VBA, MATLAB
  • Very strong interpersonal skills and an eagerness to work in a team environment.
  • Understanding of macroeconomics, its impact on financial markets, and financial theory
  • Strong facility with applied mathematics and statistics.
  • Demonstrated expertise in technical and financial problem solving.

These attributes are preferred:

  • Advanced degree in a discipline of science, technology, engineering, or mathematics.
  • Experience with callable bond models, asset allocation, security selection, and risk models